[Blockchain Today Reporter Jieun Lee] Cryptonews reported that Coinbase, a cryptocurrency exchange that aims to go public on the 14th, will provide detailed information on the state of the cryptocurrency market in the first quarter of this year.
The company plans to convene a meeting on the 6th to discuss the expected results for the first quarter of 2021 and provide financial outlook for 2021. Thus, investors can valuate one more week and prepare for direct listing of the stock. The company announced on the 14th that it expects Class A common stocks to start trading in the Nasdaq Global Select market with a ticker symbol of COIN.
Unlike existing public offerings, in direct listing, stocks are sold directly to the public without the help of a broker. Coinbase has previously stated that it will not raise new capital during the listing period. As reported, it was valued at about $9 billion during the last week of trading on the NASDAQ personal market.
According to Coinbase, it has 43 million confirmed transaction users last year and 2.8 million monthly. It is also reported to be working with 7,000 institutions and 115,000 ecosystem partners in more than 100 countries.
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